Renewable Energy Group should help garner the IPO market interest for 2012 next week. Renaissance Capital has noted that this is going to be the first IPO to price this year, and that should get the IPO investors talking again.
One IPO will not set the trend for a whole year, but this is a biofuel outfit. While most biofuel outfits are not at the true revenue stage and rarely have any profits, Renaissance noted that this one had some $627 million in sales for the 12 months ended September 30, 2011 and is the largest U.S. producer of biodiesel.
We recently gave the Top 17 IPOs To Watch in 2012 and this was not among the lot. Frankly, it could have been but when we did the research we did not have this one set on the calendar. It is not just that it is another biofuels IPO but that it is set to be the first of the 2012 IPO class.
After looking through the most recent filing, the offering is for 7.2 million shares in a price range of $13 to $15 per share. The book-runners are UBS Investment Bank and Piper Jaffray and co-managers are listed as Stifel Nicolaus Weisel and also Canaccord Genuity.
Bunge Limited (NYSE: is a 5.7% owner in the Bunge North America unit and other owners are E D& F Man Holdings B.V. (6.4%), NGP Energy Technology Partners (13.5%), USRG Holdco V, LLC (15.5%), and West Central Cooperative (22.2%).
JON C. OGG
Top Gaining Stocks
Top Losing Stocks